The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1887-06-16
TIE on1cAo1 sLAranrrH


tie American Exchange Natioua
bank. 1t began a, a. IN, and settled
the fate of today market There
were present Joe Wishirr. of CiucinN
matt, middle ,zed swar.hy man
Eggleston, Kershaw's ,2ecial partner.
whose fortune H. a. stake now because
it is cliimcd he has been active ~
business: k,rshaw. whose face bowed
line. made by tho terrible forty-cight
hours strain; President -. W. Irwin,
Of the banking firm of Irwin. Green
" Co. the most Diet mined looking
man OF th, lot; Cashier DcWAr. 81 the
bank. aud several If the dir"eior-
were also present. TINS consu.tailpu
began lust rs soon 10 Wiltshire got Oh
tho Curinunu train. lle was accom-
panied by n snOOtu-hccd $ urG lei
low, his clerk, whose sack coat bu.gcd
out with grccub 4ck- Thirty minutes
after the council was over hrr'hnW
Ind the money to pay bis dllcrcucr-
and 10 Margin the market lu'urd-
atcly after the opening of the trade,
the -rcrcmry raped tor -."n'.. II
was difficult thing o. Co., bul
when hc finally prev aled. o. the
following:
Gcntlcmcl-W We src prep r.d to
pay all our clearing house differences
ana 10 margin below the market
l~igucdJ CD. kERsIfAW ~ Co..
The board OF trade directors hcid
suecial session before the opening
OF the exchange for the purpose OF
de,liiug whether or not To take any
action. /, was thOug when thc
meeting was called that IT would be
best 10 adjourn The board tor day.
IN order to allow the excitement 10
cool oil, but it was iina.ly decided
that no action wac necessary
Four more failures have Just been
announced on change. The firms
are: T.. Is. Bald!ng ~ Co, Crosby y
Co, Hubbard n Co. and NJ. Il Crafts.
Baldmg y Co. cain TO be even
the markct rhc suspension OF II
bard Il Co and CROSBY y Co. caused
some surprise, Ms both came uncX.
ycctcdly. lIibbard ~ Co. calm to be
solvcnt. Charlc- llourutin ~ Co,
stock broker, and members of the
New York aud CmcI4O stock cN.
caught Ia the wheat squr Ao ami
pushed To the wal. No statement %.
their condition is set obtainpl lee,
llenrutn wa, uhtl recently, ue-l-
dent ut TIC Chicago stock exchange
Iii, failure was n great Surprec.
The eutpenei,u of = VI. Robinson
aud Cruit- X Co, has been announced
kti- utterly Impossible 10 gain any
adequate / tea OF the amount involved
in me failures. . j McCleary',
downfall i- Thought 10 bo thc icTy r,'
aud " 10 reach more firms than any
other McClcary, il - snld. wa IN
the deal quite hcal i'y, but ia the pres
cnt unsettled state of All airs. oycl
members OF the firm had no idea how
they stood. Margins were opened
nnd trades unsettled, and until hulunt
mcnt 1t 10 next to Impossible to tel
how any Of the firms stand. The cN
element j. fast Increasing.
IArEK- kerrhaw n CO., ar Oil
emily posted ~ having FAILED To z,
through the clearing house. lii'
means their collapse. The immrdiit,
cause of their failure Wa due 10 Kos
enfield y Co., who garuishrnd kcr
shaw's accoun: in the American EN
change National bank.
TrIE MARKET ~ MILWAUKEE.
MILWAUKEE, Juno ID. Comp Il
stagnation prevails on change hi
morning. There j. no cNcltcmca
whatever. Traders arc waiting TO
news from Chicago concerning TIA
intentions Of & j. kcrshaw ~ CO
July wheat opened at Gn advance @
cent over last nights closing tig
urca. but the report of three addl
tioual failures ut Chicago Knocked
down nj Il conts, and IT now rule
weak ut ~, coats.
NEW YORK MARKET EASY.
NEW York, Juno b. There wa
nothing special in tho wheat mark q
up 10 noon. Prices have been n littl
irregular. The first sales showed
cam OF tiye.cights of n cent, but
rallying movement soon set IL, lead
ing to ~ breaking of to g. cont
Speculative dealings nre more moo
crate and mainly OF u scaling nature
THE PROSPECTS MORE CHEERING,
CUICAGo, Juno 10. l'residcu
Wright Of the Board Of Trade sai
go reporters "Ino effect Of IN
break will hC To clear the a'mOsphCl
80 hat commerce can 90 ON IN its ~
customld grooves. Ihc tendency
60 cqualilo this with the other MAJ
het- OF the world and put stocks j
their legitimate channels. The Hciu
result, OF course, is a rather scrior
one. but hope, IN tact, 90 hGNc u
reason to appr1hcnd anything tut
ihcrn
promncn, broker -nid: "Il
mrkcll- now back, | have no rea-o
10 apprchoud anything ur'hcr'
T.. -. Armour W1cu a.k.I WA
enuct the panic wou'd hNle ON lua
ru' circle. said: More Whatcfcr,
week from now YOU wont 6uo
that these was - wheat or collie. lie.
The s'mosph,r, will bo cleared zap
les, l1ala week from now Lo-
were made sometime, Wlc,. wa.
margin Oh nearly lis value ANd &
banks were uply 'cuut don
look upon JI.- brch, H- ANY Dtm.